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Wednesday, November 1, 2017

Thrifty Thinking: GM BuyPower Card

A new survey from GM’s BuyPower Card has revealed that parents are actually spending significant time in carpool line, that their biggest vehicle pet-peeve is a dirty car, that many are planning on buying their child a car when they get their license and more than a third consider their vehicle their second home.

The results are from a new survey from the GM BuyPower Card that reveals interesting facts about American parents’ driving habits and plans. The 2017 Back to Driving Surveycommissioned by the GM BuyPower Card, looked at 789 licensed drivers in the U.S. with at least one child 15-years old or younger living at home, and revealed that:

· 27.6% are considering either purchasing or leasing a new vehicle. And 21.9% of all participants indicated that they are ready NOW for a new family vehicle

· More than one in five (22.9%) survey respondents have already saved money toward a new vehicle, and more than a third (35.9%) would consider the GM BuyPower Card if it meant they could earn more towards the future purchase of a new family vehicle with the features they desired

· Additionally, nearly 30% (28.9%) are planning to buy their child a vehicle once they get their driver’s license

· 21.9% of parents surveyed indicated that they are ready NOW to purchase a new family vehicle

· 35% consider their vehicle a second home

· 58.2% indicated they couldn't live without their vehicle, while only 41.8% said they couldn't live without their cell phone

· Nearly a quarter (23.7%) spend five hours or more per week on school pick-ups and drop-offs

Some other interesting findings from the survey:

· Nearly three-quarters (72.9%) of parents spend more time in their vehicles during the school year than they do during the summer

· 87.5% spend more on gas during the school year, versus when school is out

· Nearly three-quarters (72.9%) noted that their biggest vehicle-related pet peeve is that, during the school year, their vehicle is constantly dirty

· More than two-thirds (68.3%) of kids eat snacks in the family vehicle, while more than 56.5% of parents indicate they snack as well

· More than half (51.8%) of respondents are driving vehicles that are five years old or older, and more than one out of five (22.8%) drive vehicles at least 10 years of age or older

No matter your destination, driving your family calls for a reliable vehicle that fits your life and your needs. The GM BuyPower Card is a great resource for parents – Cardholders can accumulate 5% Earnings on the first $5,000 in purchases every year and 2% after that, to put toward the future purchase or lease of a new Chevrolet, Buick, GMC or Cadillac vehicle. Learn more about the GM BuyPower Card by visiting www.buypowercard.com.